This property looks like a bad Long-Term investment with a projected -4.13% first-year return on $26,418 initial cash invested.
-4.13%
Cash On Cash
6.22%
Cap Rate
0.94
DSCR
$996
Rent
-$91
Cashflow
Cash Flow
$996 income − $1,087 expenses = $91 out of pocket
Investment Breakdown
|
Purchase Price
$126k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$26,418
Downpayment
20%
$25,160
Closing costs
1%
$1,258
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$996
Total Expenses
$1,087
Mortgage P&I
70%
$693
Property Taxes
9%
$89
Home Insurance
5%
$45
HOA
0%
$0
Property Management
10%
$100
CapEx
5%
$50
Vacancy
6%
$60
Maintenance
5%
$50
Other
0%
$0